28 August 2016
Find out more

Avaloq Banking Suite fully compliant with Australian tax system

13 August 2014  |  1115 views  |  0 Source: The Avaloq group

The Avaloq group, an international leader in integrated and comprehensive solutions for wealth management, universal and retail banks, today announced that its Banking Suite has achieved full compliance with the Australian tax system.

The testing of this functionality was supported by EY (Ernst & Young). As the next step, Australian superannuation functionality is being developed and integrated into the Avaloq Banking Suite.

Providing financial institutions with dedicated country-specific solutions is one of Avaloq's key areas of expertise. Avaloq – which established its local presence in Australia just over a year ago – has established a team of local experts with substantial know-how, experience and knowledge of the country specific requirements of the Australian financial market.

"Our product developers and local banking experts work hand in hand when developing new solutions," says Iain Dunstan, Regional Head Australasia at Avaloq. "This approach, combined with our years of international experience, ensures that country specific requirements are always fulfilled. That is why Avaloq is one of the few international financial solutions providers that have implemented the complex Australian tax regulations successfully," Dunstan continues.

"We were engaged by Avaloq to help them fully understand the significant complexity of the Australian tax system", says Jeroen Buwalda, Partner at EY. "It is exciting to see a global provider like Avaloq introduce new technology to the Australian wealth and superannuation market," Buwalda continues. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit equens.comFind out moreVisit www.abe-eba.eu

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
8049 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7755 views 11 | 24 tweets | 10 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6691 views comments | 17 tweets | 21 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
6192 views comments | 16 tweets | 18 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6143 views comments | 14 tweets | 14 linkedin

Featured job

Find your next job